European Commission : December 2012: Business Climate Indicator increases slightly in December

European Commission

Press release

Brussels, 8 January 2013

December 2012: Business Climate Indicator increases slightly in December

In December 2012, the Business Climate Indicator (BCI) for the euro area increased slightly by 0.05 points to 1.12. The improvement was driven by more positive assessments of production expectations and order books (overall and export), while managers' assessments of past production and the adequacy of their stocks of finished products remained broadly stable.

The BCI is based on a factor analysis of the euro area aggregate balances (seasonally adjusted) of five of the monthly questions in the industry survey (only employment and selling-price expectations are excluded).

The next BCI results are due to be published on 30 January 2013.

Full details of the Business Climate Indicator are available on the Europa website:

http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm

Scheduled publication dates

	Flash estimate	Final release EU, euro area and Member States
January 2013	23 January 2013	30 January 2013
February 2013	20 February 2013	27 February 2013
March 2013	20 March 2013	27 March 2013

Contacts : Simon O'Connor([phone]) Audrey Augier([phone]) Vandna Kalia([phone])